SS&C Surpasses 50 Clients on its Digital Accounting, Analytics and Operations Platform, Singularity

Rhea-AI Summary

SS&C Technologies (Nasdaq: SSNC) announced that its digital investment platform, Singularity, has acquired over 50 clients. Singularity enhances middle and back-office operations for insurance firms through advanced technologies such as machine learning and predictive analytics. The platform offers automation, analytical insights, and compliance support, addressing the need for improved operational models in the wake of the pandemic. SS&C's CEO noted the significant demand for holistic AI-driven data analytics in investment portfolios.

Positive

• Singularity has secured over 50 clients, indicating strong market adoption.
• The platform enhances operational efficiency for insurance companies through advanced technologies.
• Recent improvements expand capabilities for partnership investments and compliance analytics.

Negative

• None.

WINDSOR, Conn., June 9, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Singularity, SS&C's digital investment analytics, operations and accounting platform, has signed on more than 50 clients.

"SS&C Singularity optimizes our operations for today's complex investment environment," said John Robison, Chief Investment Officer at American Fidelity Assurance Company. "SS&C's modern, flexible technology, coupled with the firm's deep insurance investment accounting, regulatory expertise and servicing across traditional and alternative assets, puts us in a strong position."

Singularity modernizes insurers' middle- and back-offices using machine learning, natural language processing, intelligent workflow tools and predictive analytics. The platform provides unparalleled automation, operational transparency, data access, reporting flexibility and analytical insights. Through its cloud-based, web and mobile-accessible user interface, Singularity accounts for, analyzes, and reports on a broad range of traditional and complex investments, including derivatives, loans, partnerships, alternative assets and more. Recent enhancements include continuous expansion for partnership investments and commercial mortgage loans, integrated post-trade compliance, risk and financial analytics, data visualization and presentation-quality reporting.

"We are pleased with the adoption of Singularity on a SaaS, co-sourced or fully-outsourced basis. The global pandemic and persistent low interest rate environment have highlighted the need for insurance companies to re-align their investment operating models. Equally important is the need for more robust, holistic AI-driven data analytics across the entire investment portfolio," said Bill Stone, Chairman and CEO of SS&C Technologies. 

Learn more about Singularity here.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What is SSNC's latest milestone regarding Singularity?

SS&C Technologies announced that Singularity has signed on more than 50 clients.

How does Singularity benefit insurance companies?

Singularity optimizes operations for insurers, enhancing middle and back-office functions through advanced technology.

What technologies does Singularity incorporate?

Singularity utilizes machine learning, natural language processing, and predictive analytics.

When was the announcement about Singularity made?

The announcement was made on June 9, 2021.

What is the significance of Singularity's adoption during the pandemic?

The pandemic highlighted the need for insurance companies to realign their investment operating models, increasing demand for Singularity.